Synack

Synack
Private
Industry Security
Founded 2012 in California
Founders Jay Kaplan, Mark Kuhr
Headquarters Menlo Park, California, United States
Key people
 Jay Kaplan (CEO)
Products Security assessment
Number of employees
 100 (2017)
Website synack.com

Synack is an American technology company.[1] Founded around 2012,[2] it is based in Menlo Park, California.[3] It has a team of security researchers who hack into client networks to highlight vulnerabilities.[4]

History

2012-2015

The company was founded around 2012[2] by Jay Kaplan and Mark Kuhr, both former NSA agents.[3] Kuhr became CTO, and Kaplan became CEO.[5] In February 2014, the company raised $25 million in funding, with 40 employees and plans to double in size that year. They were in 32 different countries.[6] On April 24, 2014, the company announced it had secured Series A funding from Kleiner Perkins Caufield & Byers, Google Ventures, Allegis Capital, and Derek Smith of Shape Security.[3] As of 2015, the company was based in Redwood City, California. It used a network of freelancer security analysts in 35 countries, who get paid to check for vulnerabilities and security problems. Synack had also developed Hydra, a platform built to spot vulnerabilities and look for out-of-date software for clients. The first form of Hydra went live on October 21, 2015.[2]

2016-2017

By April 11, 2017, the company had 100 employees as well as a network of freelance hackers. It had 100 customers.[5] On April 11, 2017, it was reported that Synack had raised $21 million from Microsoft Ventures, Hewlett Packard Enterprise, and Singtel.[4] Prior investors such as GGV Capital, GV, and Kleiner Perkins Caufield & Byers also took part in the funding round, bringing the total money raised by the company to $55 million since its founding.[5] Money from the Series C was assigned to hire new security analysts and further develop the Synack Platform, also looking to expand into US markets, European markets, and business in Asia-Pacific.[7] With the investment round, Microsoft and Proofpoint CEO Gary Steele both joined Synack's board of directors.[7] In May 2017, CNBC named Synack a "CNBC Disruptor" company for the third year in a row.[8]

Products and services

Synack Platform

As of 2017, Synack was developing the Synack Platform. It is a "vulnerability intelligence platform that automates the discovery of exploitable vulnerabilities and turns them over to the company’s hackers."[7]

See also

References

  1. ↑ Vinton, Kate (February 19, 2015). "Synack Raises $25 Million In Series B Funding To Crowdsource Security Globally". Forbes. Retrieved April 30, 2017.
  2. 1 2 3 Kirk, Jeremy (October 21, 2015). "Synack builds intel platform for its penetration testers". PCWorld. Retrieved April 30, 2017.
  3. 1 2 3 Lev-Ram, Michal (April 24, 2014). "For crowdsourced security startup, a carrot and a hack". Fortune. Retrieved April 30, 2017.
  4. 1 2 Kuchler, Hannah (April 11, 2017). "Hacker-for-hire company Synack raises $21m". Financial Times. Retrieved April 30, 2017.
  5. 1 2 3 Miller, Ron (April 11, 2017). "Security startup Synack scores $21M investment from Microsoft, HPE and Singtel". TechCrunch. Retrieved April 30, 2017.
  6. ↑ Reader, Ruth (February 22, 2015). "Why the hackers at Synack need $25M to hunt down major security flaws". VentureBeat. Retrieved April 30, 2017.
  7. 1 2 3 Greene, Tim (April 13, 2017). "Synack: Hackers wanted after firm gets $21.25M funding from Microsoft, HPE". Network World. Retrieved May 17, 2017.
  8. ↑ Hacker-Powered Security Company Synack Honored as CNBC Disruptor for Third Consecutive Year, Synack, May 16, 2017, retrieved May 17, 2017
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